Home | About CGTMSE | | Eligibility Criteria | Fees | Claims Settlement  | Circulars | Tenders | Search
   
Chairman's Message
Securitisation
FAQ s
List Of Member Lending Instiutions
News
Important Links
Site Map
Right to Information
Contact Us
   
 

                                                       

CGTMSE - ACHIEVEMENT OF TARGET COVERAGE OF 50,000 Proposals In FY 2009

 

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was established by Govt. of India and SIDBI in August 2000 to facilitate collateral free credit to the Entrepreneurs in the Micro and Small Enterprises (MSEs) Sector.  During the financial year 2008-09, CGTMSE has shown commendable growth in its performance in terms of number and amount of guarantee covers issued under its Credit Guarantee Scheme on all India basis. Against the set target of covering 50,000 proposals for Rs.1,500 crore under its Credit Guarantee Scheme (CGS) during FY 2009, CGTMSE was able to surpass the target.  CGTMSE issued the 50,000th Credit Guarantee Approval Certificate to Bank of India in respect of their collateral-free loan of Rs.1 crore to M/s. Solus Security Systems Pvt. Ltd., a constituent of Bank of India's Goregaon (West) Branch, Mumbai at a function organized at Bank of India, Head Office, Mumbai.  Shri R.M. Malla, Chairman, CGTMSE and CMD, SIDBI handed over the Certificate to Shri T.S. Narayanasami, CMD, Bank of India and Chairman, Indian Banks' Association (IBA) in the presence of senior officials of Bank of India and CGTMSE.  Shri Narayanasami highlighted the importance of Credit Guarantee Scheme and the initiatives taken by Bank of India to promote the Scheme. 

Addressing the function, Shri Malla appreciated the lead role played by Bank of India in helping CGTMSE to reach the target of 50,000 proposals in FY 2009.  Shri Malla emphasized that CGTMSE would take all necessary steps to strengthen its partnership with Banks and other MLIs for increasing the coverage under the Scheme in the days ahead.

 

Shri O.S. Vinod, CEO, CGTMSE indicated that cumulatively, as at March 30, 2009, 146326 proposals for Rs.4725 crore had been approved by CGTMSE since inception and the Trust was hopeful of rapidly scaling up the coverage further during FY 2010.  An assessment of the impact of the coverage under CGS indicates that there is an estimated employment generation for over 18.65 lakh persons, expected turnover of Rs.35,820 crore and estimated exports of Rs.1113 crore.  Around 84% of these guarantees were to small borrowers with average loan size of below Rs.5 lakh. CGTMSE as on date has 81 Member Lending Institutions comprising of all PSU Banks, major Private Sector Banks, Regional Rural Banks, NEDFi and SIDBI. The present Corpus of the Fund stood at Rs.1736 crore as against the target corpus of Rs.2,500 crore. The operations of the Trust are conducted online through internet based B2B portal, resulting in transparency and efficiency of operations.

             

Date    : March 30, 2009

Place: Mumbai

 

    Other News Article
    Journey through a Decade
    Interview of CEO, CGTMSE in DARE Magazine
    " Increase in Coverage Limit: CGS SCHEME "
    "Modification in extent of guarantee cover : Circular no 51."
    "Total No. of MLIs 125"
    RBI Circular on Collateral Free Loans - Micro and Small Enterprises
    "Awareness Initiative"
    CGTMSE inks historic pact with SBI
    Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) celebrates Diwali with coverage of over 2 lakh proposals in FY 2010
    CGTMSE, SIDBI-PMD & GTZ organises training programme for Bankers in association with D&B, Mumbai
    CGTMSE organises awareness programme on Credit Guarantee Scheme (CGS) for Bankers/ entrepreneurs in association with MITCON in Maharashtra
    CGTMSE organises awareness programme on Credit Guarantee Scheme (CGS) for Bankers/ entrepreneurs in association with ALEAP in Andhra Pradesh
    CGTMSE organises awareness programme on Credit Guarantee Scheme (CGS) for Bankers/enterpreneurs in association with NECCI is Assam
    CGTMSE organises awareness programme on Credit Guarantee Scheme (CGS) for Bankers/ entrepreneurs in association with MSME-DI, Thrissur
    CGTMSE organises awareness programme on Credit Guarantee Scheme (CGS) for Bankers/ entrepreneurs in association with HIMCON
    RfP for procurement of PCs,Laptops and Monitors
    New Tender for Procurement of Lotus Licenses
    Working Group to Review the Credit Guarantee Scheme for Micro and Small Enterprises (MSEs) - Collateral free loans to MSEs
    CGTMSE hosted 24th ACSIC Conference
    Request for Proposal (RfP) for Off Roll Personnel HR Process Management (November, 2013)
    Wanted Fresh / Experienced Chartered Accountants (CA's)
    Wanted Retired Senior Bank /Financial Institutions Officials on Contract basis to act as CGTMSE Representatives
    Request for bids for Data Center Hosting and Network Connectivity Services
    Wanted Retired Senior Bank /Financial Institutions Officials on Contract basis to act as CGTMSE Representative at Chennai
    Recruitment of Assistant Managers
    Recruitment of Assistant Managers - Extension in Interview dates
    RfP for empanelment of HR agencies for houskeeping / sanitation services
    Our Toll Free Number is : 1800222659
    Signed MoU with Perusahaan Umum Jaminan Kredit Indonesia (Perum Jamkrindo) on September 30, 2016
    Participation in the 28th Conference of Asian Credit Supplementation Institution Confederation (ACSIC) held at Bali, Indonesia
    Increase in coverage of the eligible credit limit per borrower under the CGS from 100 lakh to 200 lakh
    Guarantee coverage to eligible Non-Banking Finance Companies (NBFCs)
    Credit Guarantee Bulletin - Vishwas - March 2017
    SIDBI Logo Design Contest 2017
Copyright © 2008 CGTMSE. Powered by GeoTel